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For example, Florida will increase its minimum wage to $15 per hour on Sept. 30, and Oregon is set to make their next adjustment based on the Consumer Price Index on July 1.

During the past two years, the gap between those two increased significantly, with people leaving for new jobs receiving a median 8% increase in compensation compared to a median of about 4% for those who stayed at their organizations.

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Tax Agency Furloughs Half of Its Workforce Speaking of the IRS, the agency on Wednesday, Oct. 8, shared plans to immediately furlough approximately 34,000 employees — just under half of its total workforce — as a result of the current federal government shutdown.

The trend toward pay range disclosure is clear, with nearly 50% of all U.S. job advertisements posted on job search site Indeed including salary range information today, compared to about 15% of job postings in 2019 ( Stahle 2023).

Employee Benefit News 21(15): 58.

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While many respondents downplayed the impact of the election ontheir career,a significant portionof participantsdid feeltoday’s political climate hasgenerated professional impacts, including:  Increased expenses due to inflation or economic instability (31%);Increased stress and anxiety related to job security and financial stability (30%);Difficulty finding new employment or opportunities (27%);Higher stress at work (22%);Increased awareness of social justice and equity issues (21%);Loss of income, benefits or hours (19%);Reduced earning potential or salary stagnation (19%);Changes in workplace policies or practices (15%);Greater discrimination or bias in the workplace (15%);Shifts in company culture and values (15%);Feelings of isolation or disconnection from colleagues (13%);Changes in career goals or aspirations (13%);Greater focus on work-life balance and personal well-being (11%);Forced career change (11%); IRS Issues 403(b) G uidance for P art -T ime W orkers According to benefits

Pre-retirees now expect their savings to last, on average, only 15 years after retirement, down from 19 years just four years ago, despite many expecting to spend 25 to 30 years in retirement.